Re: Negative affects of adding an AU?
09-13-2012 11:00 AM
Thanks for the reply, I assumed as much but thought I would ask. I wasnt worried about my credit or eport as much as I was about how Amex might veiw it by adding someone with a slew of derogs on their report.
Amex is rather unique in that they check an AU's (aka AC) credit. Amex has, primarily, a spend centric, pif, customer base that is exceptionally large and long. Most other AU issuers just issue a new card with the same account number. When the card is used they have no idea whether it was the AU or primary. Amex OTOH, knows. I think it is a certainty that IF there is a correlation between the account risk and the credit profile/spending of AUs that it will be factored into their decisions. It's also a certainty that if Amex does this they will not disclose it if they can avoid it. If AU's spending becomes a large part of the overall spend and if the AU's cr's deteriorate it's increasingly likely AMex will do a FR or place a hard limit if not cancel outright.
What is clear is that it doesn't impact the primary card holder's CRA credit files in any way.
so my moniker is, well, rather out of date.
WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k